Petrofac Limited

Petrofac is a global energy services provider specializing in infrastructure management and maintenance for the oil, gas, refining, petrochemicals, and new energy sectors, delivering essential lifecycle support to various clients. Petrofac is an energy services company that focuses on building and maintaining energy infrastructure. Founded in 1981 in St Helier, Jersey, by Amirul Afideen and Woody Bruce, it has undergone strategic shifts to adapt to evolving market demands. The company went public in October 2005, raising GBP 120 million through its IPO on the London Stock Exchange.

Petrofac operates globally, with offices in regions including the Middle East, Europe, and Asia-Pacific. Its significant growth has been driven by its ability to serve major oil and gas firms as well as independent operators. Petrofac offers specialized services in the design, construction, and operational management of energy infrastructure, including oil and gas, petrochemicals, and renewable energy projects. Its service portfolio encompasses project development, engineering consultancy, and well management, supporting clients in optimizing their energy assets throughout the entire asset lifecycle to meet global safety and quality standards.

In the most recent year, 2022, Petrofac reported a revenue of GBP 2,591,000,000, with an EBITDA of GBP -138,000,000, reflecting the challenges faced in the energy sector during that period. Petrofac is actively exploring new market opportunities and aims to enhance its service offerings in the energy transition space. The company plans to expand its operations in the Middle East and Asia by 2025, targeting emerging energy markets. The revenue generated from its October 2005 IPO, amounting to GBP 120 million, was aimed at bolstering its capabilities for future growth initiatives.